Google announced Google instant search, I am testing this feature, it is a feature of Google search that you can use to search something instantly, so Google instant is good and helpful, they say search as you type so you do not have to search but only type. I think instant search is one more step to search suggestions. If you can get search suggestions you can do instant search. For slow internet connections it will not perform well I think.
It is good for instant results but I can see some of bad partly for SEO purpose. This feature will help who are already on top. People will search more for more queries and they will not go to other page instead they will use another query. However you can turn it off. I do not think there is any reason to disable it permanently, but thanks to Google it let you do it in preference.
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I like this search pattern Google launches now!
It really helps in gaining results faster than ever.
I am agree with you.